Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) Stock Short Interest Declines 58.4%

Invesco Agriculture Commodity Strategy No K-1 ETF (NASDAQ:PDBA) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 29,128 shares, a drop of 58.4% from the September 30th total of 70,092 shares. Based on an average daily trading volume, of 83,574 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Invesco Agriculture Commodity Strategy No K-1 ETF Stock Down 0.8%

Shares of NASDAQ PDBA opened at $35.94 on Friday. Invesco Agriculture Commodity Strategy No K-1 ETF has a one year low of $33.69 and a one year high of $39.41. The business’s fifty day moving average price is $37.96 and its 200-day moving average price is $36.47.

Institutional Investors Weigh In On Invesco Agriculture Commodity Strategy No K-1 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Castleview Partners LLC increased its stake in shares of Invesco Agriculture Commodity Strategy No K-1 ETF by 5.9% in the first quarter. Castleview Partners LLC now owns 7,703 shares of the company’s stock worth $281,000 after purchasing an additional 426 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the 2nd quarter worth approximately $43,000. IFP Advisors Inc purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the 2nd quarter valued at approximately $62,000. NewEdge Advisors LLC purchased a new position in Invesco Agriculture Commodity Strategy No K-1 ETF in the 2nd quarter valued at approximately $107,000. Finally, Farther Finance Advisors LLC grew its stake in Invesco Agriculture Commodity Strategy No K-1 ETF by 2.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 140,050 shares of the company’s stock valued at $5,260,000 after buying an additional 3,103 shares in the last quarter.

Invesco Agriculture Commodity Strategy No K-1 ETF Company Profile

The Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA) is an exchange-traded fund that mostly invests in broad market commodities. PBDA is an actively managed portfolio that provides exposure to global agricultural commodities through a Cayman Islands subsidiary. PDBA was launched on Aug 24, 2022 and is managed by Invesco.